Deciding director

JYOTI (Business) (52 Points)

13 September 2016  

Dear All,

Kindly help me to get answer to the following question.

What is the procedure to decide the Fulltime working Director's salary in a private limited One Person company(OPC). Director is one of the full skilled employee/ worker of the company.  

Also what is the maximum salary a Director can fix as his salary by himself without taking any permission from Central Govt.

And what salary he can draw when company faces loss at end of the fin-year.

N.B. Authorised share capital is one lakh.